Dinamia post profits for year

It has been reported that Dinamia has posted a consolidated net profit for 2001 fo Eur17m down 2.2% on the previous year. Non-consolidated net profit was down from Eur12.4m to Eur9.4m, representing a 24% decline. Dinamia realised Eur11.7m from its unlisted portfolio, of which Eur8.6m was generated by its sale of Movinord. The quoted portfolio recorded a loss of Eur76,000 compared with a Eur6.4m gain in 2000. During the reported period, Dinamia increased its stake in People Communications to 6% by investing Eur643,000 and in Enterprise Atención to 28.9% with a Eur8.5m injection. It also realised its investments in Undesa Group and Cables Perti.

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• Southern Europe